Sale Price. On the Closing Date, the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, pay the CEF Purchase Price in the form of (i) cash and (ii) an increase in the Seller’s equity interest in the Purchaser (together, the “CEF Purchase Price”) as consideration for the CEF Assets sold and transferred by the Seller to the Purchaser pursuant to Section 2.1 hereof, which CEF Purchase Price shall be acknowledged by the Seller and the Purchaser to be the fair market value thereof.
Appears in 2 contracts
Samples: Loan Sale Agreement (GE Equipment Transportation LLC, Series 2012-1), Loan Sale Agreement (GE Equipment Transportation LLC, Series 2012-1)
Sale Price. On (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay the Seller on the Closing Date, the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, pay the CEF Purchase Price in the form of (i) cash and (ii) an increase in the Seller’s equity interest in the Purchaser (together, the “CEF Purchase Price”) as consideration for the CEF Assets sold and transferred by the Seller to the Purchaser pursuant to Section 2.1 hereof, which CEF Purchase Price shall be amount acknowledged by the Seller and the Purchaser to be the fair market value thereofof the CEF Assets that the Seller sold and transferred to the Purchaser under this Agreement (together the “CEF Purchase Price”).
Appears in 2 contracts
Samples: Loan Sale Agreement (GE Equipment Transportation LLC, Series 2012-2), Loan Sale Agreement (GE Equipment Transportation LLC, Series 2012-2)
Sale Price. On (a) As consideration for the sale of the CEF Assets pursuant to Section 2.1 hereof, the Purchaser shall pay each Seller on the Closing Date, the Purchaser shall, upon satisfaction of the applicable conditions set forth in Article III, pay the CEF Purchase Price in the form of (i) cash and (ii) an increase in the Seller’s equity interest in the Purchaser (together, the “CEF Purchase Price”) as consideration for the CEF Assets sold and transferred by the Seller to the Purchaser pursuant to Section 2.1 hereof, which CEF Purchase Price shall be amount acknowledged by the applicable Seller and the Purchaser to be the fair market value thereof.of the CEF Assets that such Seller sold and transferred by such Seller to the Purchaser under this Agreement (together the “CEF Purchase Price”). Receivables Sale Agreement
Appears in 2 contracts
Samples: Receivables Sale Agreement (GE Equipment Midticket LLC, Series 2012-1), Receivables Sale Agreement (GE Equipment Midticket LLC, Series 2012-1)
